Bizizz Market Research has recently published a research report, “Smoke Grenade Market by Type (Micro Smoke Grenade, Wire Pull Smoke Grenade, Burst Smoke Grenade, Other), Application (Military and Defense, Law Enforcements, Commercial and Civil), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Smoke Grenade Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 356 Mn by 2027, witnessing a CAGR of 4.8 % during the forecast period. The rise in marine and air movements and a growing number of protests, riots, disturbances, and hateful unrest across the globe is driving the demand for smoke grenade
An escalation in marine and air procedures and a burgeoning number of protests, riots, disturbances, and hateful unrest all over the world are giving rise to the utilization of smoke grenades. In addition, the rising necessity for efficient mob controlling pursuits, because of a mounting in the intrastate clashes, civilian agitation, and protests in many parts of the world which moreover improves the business of smoke grenades. Besides, the growth in trade for colored smoke grenades that are utilized for photography and gaming applications also assists in increasing the requirement for smoke grenades. In addition the soaring requirement for the improvement of smoke grenades that are ecofriendly and portable multi-shot grenade launchers are anticipated to upsurge the growth of the market. Accelerating R&D projects to create lightweight smoke with comprehensive security characteristics envisioned to boost the market extension throughout the evaluation period.
The Smoke Grenade market is anticipated to register a CAGR of over 4.8 % during the forecast period.
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By Application, Military And Defense Segment Held a Prominent Share in Global Smoke Grenade Market in 2018.
The military and defense subdivision commanded the market in the preceding few years and estimated for approximately 56% of the total market percentage. Smoke grenades are employed by both army and marine divisions for covering and hiding intentions in the battlegrounds. They are proficient in releasing a more extensive volume of smoke and give a thicker covering for the speedy passage of soldiers.
North Americais Anticipated to Dominate the Global Smoke Grenade Market during the Forecast Period
The North American region is estimated as the biggest market stake in 2018, as a result of the enormous investments in smoke grenade by the United States and Canada. The United States is a major producer of smoke grenade and is also home to most of the major companies. Furthermore, the APAC region is anticipated to emerge as the posthaste developing region in the course of the evaluation period. This is fundamentally caused by the upsurge in mob management circumstances in nations, such as South Korea, India, and China.
Global Smoke Grenade market was highly fragmented among the number of local and global players. Prominent players operating in the Global Smoke Grenade Market are: 3rd Light Limited, Combined Systems, Chemring Group PLC, Sport Smoke, LLC, DAEKWANG CHEMICAL Co., Ltd., Condor Non-Lethal Technologies, Rheinmetall AG, Safariland, LLC, Enola Gaye, and Centanex.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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